Ashley’s Frasers Group delays results for second year in row

Mike Ashley's Frasers Group has delayed annual results

Tycoon Mike Ashley’s Frasers Group has put back publication of its annual results for the second year running.

Frasers Group, which comprises department store business House of Fraser, fashion specialist Flannels and Sports Direct, had been scheduled to publish preliminary results tomorrow. They will now be issued on Thursday August 20 instead.

The retailer said the delay was because some details still had to be “completed and reviewed” to comply with accounting rules and that there was no cause for alarm.

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